The Indian growth miracle and endogenous growth

• 成果类型: Article
• 署名作者: Madsen, Jakob B.; Saxena, Shishir; Ang, James B.
• 署名单位: Monash University
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2009.06.002
• 发表日期: 2010
• 页码: 37-48
• 关键词: Schumpeterian growth; Semi-endogenous growth; R&D

摘要

Using over half a century of R&D data for India, this paper tests whether the second-generation endogenous growth theories are consistent with India's growth experience. Furthermore, the paper examines the extent to which growth in India can be explained by R&D activity, international R&D spillovers, catch-up to the technology frontier and policy reforms. The empirical results show that the growth in India over the past five decades has been driven by research intensity following the predictions of Schumpeterian growth theory. (C) 2009 Elsevier B.V. All rights reserved.